Tarang Software forays into Saudi Arabia

BANGALORE, INDIA: Bangalore-based Tarang Software Technologies (Tarang), a leading provider of Point of Sale (PoS) and mobile payment solutions, acquired its first EMV customer, Intersoft, in Saudi Arabia.

EMV is the Europay Mastercard Visa Integrated Chip Card Standard to ensure secure PoS payment transactions. Intersoft, which is headquartered in Riyadh, Saudi Arabia, is a specialized provider of PoS solutions.

Intersoft has partnered with Tarang to develop and certify SPAN II application on MagIC terminal. SPAN II is the latest specification for implementing EMV Level II in Saudi Arabia and it is mandatory for any payment application on PoS/ATM to comply with this specification.

Tarang, a SEI CMM Level 5 IT services company, is a leader in the electronic transactions (Payments) domain, offering end-to-end business solutions. The company’s top-of-the line solutions and services are in PoS applications, payment gateways, mobile payment, contactless payment interfaces, gift and loyalty solutions, merchant boarding , certification testing, EMV and fraud management.

V Rama Kumar, founder & CEO, Tarang said, “Tarang’s leadership in payment technologies is once again strongly established. EMV is the way to go for PoS solutions across Middle East , India and Europe. I am happy that Tarang is at the fore- front once again.”

Ammar Al-Qadi, GM, Intersoft said, “We are delighted to find Tarang as our right outsourcing partner. The Tarang team, which has deep understanding of the PoS and payments domain, has been successfully working as an extended arm of Intersoft. We are confident that we can leverage on Tarang’s domain expertise to sustain our leadership in Middle East. We look forward to a fruitful and growing relationship where both the companies would mutually benefit.”

“Tarang, which employees about 300 people at its Bangalore facility has achieved a turnover of $ 5 million last fiscal. This financial year, the company expects to achieve a turnover of $ 7 million” added Kumar.